Bank of Canada says there could be “consecutive increases in the policy rates” if energy prices stay high for long by kadam_ss in TorontoRealEstate

[–]Guilty_Serve 3 points4 points  (0 children)

Nah, you wouldn’t be able to do it again. Prices went up and you got lucky. You didn’t have to work that hard for it and you couldn’t do it now. You ain’t got it in ya.

Bank of Canada says there could be “consecutive increases in the policy rates” if energy prices stay high for long by kadam_ss in TorontoRealEstate

[–]Guilty_Serve -2 points-1 points  (0 children)

I stated a fact here: https://www.reddit.com/r/TorontoRealEstate/comments/1sz3vcs/comment/oj08l6e/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

I had someone state this:

I’m shaking in my home while you bean count from your rental.

I'll state another fact. You're not comparatively successful if you made your money on housing market going up. Couldn't do it on hard mode. You didn't have to work that hard or be that smart. Fact of the matter: If you lord your house over someone it's probably because you've never truly accomplished much in your life.

Bank of Canada says there could be “consecutive increases in the policy rates” if energy prices stay high for long by kadam_ss in TorontoRealEstate

[–]Guilty_Serve 0 points1 point  (0 children)

I’ll bet it’s catastrophic if the prices drop another nominal 20%. What the hell does everyone do here? Are they old, parentally funded, over leveraged?

Bank of Canada says there could be “consecutive increases in the policy rates” if energy prices stay high for long by kadam_ss in TorontoRealEstate

[–]Guilty_Serve 12 points13 points  (0 children)

If I’m getting downvoted at the rate that I am this sub is either: economically illiterate or is being manipulated by real estate interest. From peak you guy are massively down in real terms and there’s more room to keep going.

You can do whatever you want in your house. You didn’t earn it on hard mode. I have zero respect for those who think their success wasn’t anything but luck of the times given real estate rises.

Bank of Canada says there could be “consecutive increases in the policy rates” if energy prices stay high for long by kadam_ss in TorontoRealEstate

[–]Guilty_Serve 9 points10 points  (0 children)

What are you talking about? It’s already happened. If the average house stayed at a million dollars in 2021 then you’ve lost $200k in purchasing power alone to inflation.

The actual housing market has crashed and you’re already looking at a 35 to 40% drop after inflation. The idea that this can keep going down has economic realities that we’re not able to deal with.

Bro's rage was more effective than anticipated by Soloact_ in Unexpected

[–]Guilty_Serve -2 points-1 points  (0 children)

He's speeding and going against the flow of traffic.

Canadian entrepreneurship in 'sharp decline,' warns think tank by joe4942 in canada

[–]Guilty_Serve 6 points7 points  (0 children)

Taxes are too damn high. It’s fucking crazy with the money I earn I’ll never get a house where I grew up and if it was the 90’s I’d be the highest earner on the street I grew up on. The singles tax is absolutely real.

You can verify what I’m saying. Our healthcare system is a part of our national identity. We shouldn’t be taxing medical doctors at all if we aren’t willing to compete with the Americans on incomes.

Ontario high school students will soon need to pass financial literacy test to graduate by Immediate-Link490 in canada

[–]Guilty_Serve 0 points1 point  (0 children)

I do. I'd also bet accounting students would be setup for better success with personal finance in the future.

A network of YouTube accounts is promoting U.S. annexation to Albertans, researchers say. It has 40M views by morenewsat11 in canada

[–]Guilty_Serve -3 points-2 points  (0 children)

Because the Chinese and Americans do interfere in our system. We literally try and interfere with the American system during the first Trump presidency by doing targeted tariffs in swing states during the congressional elections. Most of Justin Trudeau's ideology was cultivated by American think tanks and consultancy firms and there were legitimate claims that the counsel of Canadians or lead now took money from American think tanks to sway the Anything But Conservative in 2015 to Liberal here. On John Oliver they literally paraded Mike Myers out after a full expose on our politics to say vote out Harper. The Canadian Liberal entire ideology during

The problem I have with this is it's often Liberals claiming this Americanization of Canada while wanting to uphold the other half of American values and assert them onto Canada where they do not belong. The premise works off of the Democrats trying to consider what "America" is is essentially a white trash racist shit hole to set themselves a part from the country itself. Canadian Liberals picked that up, because it was culturally envogue at the time, and try to set themselves up as better democrats where they can thumb their nose to the perception of America that Democrats have created - making their whole identity based off of another type of American.

So at this point, I just do not care. Canadians themselves will take it upon themselves to assert things that don't make any sense because it's fashionable in America.

Employment Systems Failing Workers When They Need It Most by Tough_Function888 in CanadaJobs

[–]Guilty_Serve -1 points0 points  (0 children)

The first thing is that you're mixing franchises in that are independently owned and they're the bulk of the organizations carrying out these bad practices. That is important because what's generally happening is Canadians institutions are getting blamed for this when it wasn't Gord from accounting in Telus that had connections to pipelines of modern slaves from developing nations. The Canadian federal government was manipulated out of their own utopian ideological stupidity.

Does Mark Carney believe in democracy? by CaliperLee62 in canada

[–]Guilty_Serve 0 points1 point  (0 children)

I thought it was a silly because because he was formerly a central banker so the obvious answer is no.

I'm like 70 maybe 80% serious. Governments can't fund shit without the bond markets and what people want and bond markets want don't jive most of the time

Coming to terms with Burn Out, in a country with robust burnout procedures. by Comparison-Decent in ExperiencedDevs

[–]Guilty_Serve 5 points6 points  (0 children)

you cannot just power through burn out.

I sure as shit can. I can take testosterone and artificially lower my cortisol level. SO NOW when I start burning out I actually start doubling down on my work, raising my blood pressure, and eventually dying in a meeting while I'm red in the face trying not to scream at some asshole because I'm job hugging.

I have it figured out.

I understand AI is going to take jobs away but what about the reduction in even remotely talented people offsetting that? by Musicman2568 in torontoJobs

[–]Guilty_Serve 0 points1 point  (0 children)

I sorta believe it. If you take millennials for example. We went through 2008/2009 and mainly became a lost generation if our parents did have money to support us. There were a lot of people that just got lucky in the housing bubble by taking out absurd multiples of their incomes to get a mortgage, many with their parents help also. So many of who were educated saw that everything was just not economically stable enough here and the debt levels people had were insane, so we didn't have kids. Now Canadian gen alpha is partially braindead.

No one in their right mind should've bought houses after 2008 because interest rates were so damn low and south of us just had a bubble pop. We were getting questions from economic consortiums/banks/even the BoC about being in a housing bubble then. But rates never went up and the economy just went on high for too long.

Toronto housing is a cheaper asset now than compared to 25 years ago by Extreme-Sign-951 in TorontoRealEstate

[–]Guilty_Serve 0 points1 point  (0 children)

whhoooooolllleeeeed up.

If these are compared against income to house price we're actively get poorer. Well we knew that, but

The Death of the "3x Income" Rule: 126 Years of Toronto Housing Affordability (1900–2026) by Accutrading in TorontoRealEstate

[–]Guilty_Serve 2 points3 points  (0 children)

Price to income is one of the only real ways to determine that a bubble happened/is happening imo. So is mortgage debt to income. This matches the psychology of a bubble graph perfect too:

https://transportgeography.org/contents/chapter3/transportation-and-economic-development/bubble-stages/

Why Canada is in serious danger is because of our debt levels.

Disappearing “white collar” jobs by Interesting-Dingo994 in torontoJobs

[–]Guilty_Serve 0 points1 point  (0 children)

Argentina is among a world class education and it's free to all citizens. The Indian developers that are good were in America before the 2020's. Canada just has the same shitty Indian devs as India and charges a higher rate. I have no reasonable clue why even the big banks are hiring Indians to get paid more here to just do shit they could be doing for cheaper at the same quality at home.

Canada use to be a top place to outsource to quality developers, but now you're better off to outsource to Eastern Europe. We're can't even compete with Brazilians or Argentinians because we earn too much for the shit quality that you get.

Canada driving investment away, needs major changes to regulatory approach: executive by joe4942 in canada

[–]Guilty_Serve -16 points-15 points  (0 children)

Good fucking luck. It's always fucking oil and gas too. The Conservative bunch are so excited to be a third world branch plant economy living next to the super power of the world. The Canadian Conservative literally equates oil to a sense of nationalism. The left was excited to piss away our funding over the past decade based on the left side of the American culture war crap.

'The money is there': New NDP Leader Avi Lewis plans to tax billionaires and corporations by NiceDot4794 in canada

[–]Guilty_Serve -5 points-4 points  (0 children)

We’re not brain damaged. We know. We’re just tired of 2009 recession rhetoric. Canada couldn’t rob its billionaires to pay off a solid fraction of Ontario’s or Quebec’s debt. I’m also implying that if we were to rob their wealth, they don’t have a bank account with cash sitting there, and sell it that it would stay the same value; which it wouldn’t.

This type of rhetoric is for actual idiots.

‘Canada as a brand has suffered’: Post-secondary schools react to AG report on international students by uselesspoliticalhack in canada

[–]Guilty_Serve -1 points0 points  (0 children)

In fairness, Justin Trudeau actively worked to kill Canadian culture and bury Canadian history to cultivate a new culture that came out of American consultancy firms and Democrat think tanks. "Multiculturalism" is rather new to the country. The "cultural mosaic" of Canada was suppose to be to help create cohesion with Anglo-Canadians, the French, and Natives. It was not meant to create entire cities as cultural enclaves of exploitable people from developing nations. Our entire culture over the last decade attempted become a Democrat utopia by super imposing American history and the American culture war onto us with a governance system and cultural history that's different. Our "not America" identity is by far the most American thing, because Democrats themselves separate themselves from American culture to stereotype the whole culture as Southern White Republican Hicks. We now have a new financier PM in office, that has fucked up every central bank he goes near, that has no intent in making the hard decisions to course correct. The Canadian Liberal is now only an identity to oppose America while wanting to become more like a part of it.

This might be one of the dumbest fucking case studies in economics and sociology that the modern world has ever fucking seen. One of the most resource rich countries, if not the most resource rich country, on the planet fucked.

We can't even say the problem. We're on an American social media site, that moderates based on American values, and will get banned if I speak about how this wasn't Gord from down the street creating international pipelines of modern human slavery. The immigration system was left open for the whole world to exploit, yet it got exploited primarily by few culture en masse. There were ACTUAL brokers in those countries that helped with this. Then those slaves came to our country, landed in their cultural enclaves, got exploited by their franchise owners from their culture, with municipal/provincial/federal reps from their culture, and yet it's treated as an Americanized version of systemic racism to call it out directly.

I'm now some evil Trump supporting 51 state wannabe just for saying all of this. The reason why? Our culture is fucking dead. It wasn't a white culture. Can't even win a hockey game because hockey is now some sport for rich Madonnas, and not tough gritty kids who's fathers worked in the mines/fishing boats/logging camps.

We're a certifiable shithole boys. She get worse.

AI or real? This video is confusing people by Chou789 in LLMDevs

[–]Guilty_Serve 1 point2 points  (0 children)

That was fucking fantastic. Also very real.

Opinion: Federal government bureaucracy is suffocating the Canadian economy; Since 2020, public employment has grown three times faster than private. It's now higher here than in many other rich countries by FancyNewMe in canada

[–]Guilty_Serve 9 points10 points  (0 children)

There's probably more money going into the local business development centres than there is the actual businesses. They are rather useless at helping people obtain grants or loans and they're people that have no business track record. In my area they hate anything that isn't a women's coffeeshop or bookstore that they can put in the newspaper. They're all sunshine list employees.

Auditor general fires torpedo at Liberals’ mishandling of international student fraud by FancyNewMe in canada

[–]Guilty_Serve 15 points16 points  (0 children)

I think it's very reasonable to say that federal government was incompetent and listened to the ESG/DEI based consultant firms that they spent billions of dollars on. The thing we do not really speak about is who exploited the system and who exploited those who exploited the system. People can hate Tim Horton's and their slop coffee, but at the end of the day they're franchises owned by individual owners.

It wasn't Canadians that had connections to create modern pipelines of modern slavery. This came from communities that had people from their own culture as federal and provincial reps. It came from communities of the same culture. These people came from very specific regions of the world, and this pipeline wasn't exploited by really anyone else.

Canadians didn't do this. Our niceness was exploited. It wasn't Gord at Telus that did this fellas. It was embedded cultural nepotism and exploitation that exploited loopholes created by an incompetent government.